St_CashFlows_Rev

Statement Of Cash Flows

(₹ In Crore)

Particulars

For the year ended 31 March

2025

2024

      

I.

Operating activities

Profit before tax

11,051.89

9,822.01

Adjustments to reconcile profit before tax to net cash flows:

Add:

i)

Depreciation and amortisation expense

400.09

349.84

ii)

Loss on property, plant and equipment sold, demolished, discarded and scrapped

2.28

2.91

iii)

Provision for doubtful debts and advances

(4.92)

(23.83)

iv)

Bad debts written off

6.82

14.89

v)

Share based payment to employees

64.87

40.37

vi)

Exchange loss/(gain) on cash and cash equivalents

6.71

(0.19)

vii)

Exchange loss/(gain) on trade receivables

0.07

(6.17)

viii)

Exchange loss/(gain) on import payables

0.51

–

ix)

Exchange loss/(gain) on borrowings

16.44

1.35

x)

Exchange loss/(gain) on loans given

(16.02)

–

xi)

Interest adjustment on Government grant

1.79

1.60

xii)

Interest expense

65.93

51.90

544.57

432.67

Less:

i)

Investment income included in above:

Interest income on fixed income securities

123.81

195.55

Interest income on fixed deposits

87.29

141.85

Interest income on loans

7.64

–

Interest income on exchange traded funds

436.49

443.19

Interest income on fixed maturity plans

49.55

46.90

Profit/(loss) on sale of other investments, net

31.05

(16.61)

Gain on valuation and realisation of mutual funds measured at fair value through profit or loss

633.28

437.11

Dividend income on other strategic investments

30.10

43.05

Amortisation of premium/discount on acquisition of fixed income securities

1.35

96.50

1,400.56

1,387.54

ii)

Government grants

2.65

2.65

iii)

Surplus on sale of property, plant and equipment

3.23

5.83

(1,406.44)

(1,396.02)

10,190.02

8,858.66

Change in assets and liabilities

i)

(Increase)/decrease in inventories

(262.28)

(297.72)

ii)

(Increase)/decrease in trade receivables

(162.21)

(331.17)

iii)

(Increase)/decrease in loans and other assets

(867.26)

(178.75)

iv)

Increase/(decrease) in liabilities and provisions

1,048.93

1,809.86

(242.82)

1,002.22

Annuity payments (net) to VRS/Welfare scheme optees

(0.12)

0.01

Net cash flow from operating activities before income-tax

9,947.08

9,860.89

Income-tax paid

(2,680.35)

(2,382.62)

Net cash flow from/(used in) operating activities

7,266.73

7,478.27

   

II.

Investing activities

i)

Investment in subsidiary

(2,113.53)

(301.98)

ii)

Sale of investments

2,387.57

14,794.92

iii)

Purchase of investments

(4,047.32)

(12,008.38)

iv)

Sale/(purchase) of liquid mutual funds, etc., net

1,279.91

(2,073.32)

v)

Changes in treasury shares by ESOP trust

51.01

(25.76)

vi)

(Increase)/decrease in other bank balances

22.88

(21.68)

vii)

Deposits with Banks placed

(750.00)

(2,595.01)

viii)

Deposits with Banks redeemed

1,041.50

2,453.51

ix)

Purchase of property, plant and equipment (including advances)

(725.31)

(807.69)

x)

Sale proceeds of property plant and equipment

6.38

11.99

xi)

Loans given

(1,064.41)

–

xii)

Expenditure on intangible assets (including under development)

(2.80)

(3.20)

(3,914.12)

(576.60)

xiii)

Investment income

Interest income on fixed income securities

123.81

195.55

Interest income on fixed deposits

87.29

141.85

Interest income on loans

7.64

–

Dividend income on other strategic investments

30.10

43.05

248.84

380.45

   

(Increase)/decrease in interest receivable

24.30

56.93

273.14

437.38

   

   

Net cash flow from/(used in) investing activities

(3,640.98)

(139.22)

   

III.

Financing activities

i)

Short term bank loan taken/(repaid)

(50.49)

832.70

ii)

Interest expense

(65.93)

(51.90)

iii)

Equity share buy-back (incl. tax and expenses)

(931.84)

(4,017.18)

iv)

Change in sales tax deferral liability

0.01

–

v)

Issue of capital (including securities premium)

29.34

86.53

vi)

Dividend paid (including payment of unclaimed dividend)

(2,235.32)

(3,960.20)

   

Net cash flow from/(used in) financing activities

(3,254.23)

(7,110.05)

   

Net change in cash and cash equivalents

371.52

229.00

   

Cash and cash equivalents at the beginning of the year

448.61

219.42

Add/(Less): Effects of exchange (loss)/gain on cash and cash equivalents

(6.71)

0.19

Cash and cash equivalents at the end of the year [See note 11]

813.42

448.61

     

Change in liability arising from financing activity:

At the beginning of the year

834.05

–

Changes from financing cash flows

(50.49)

832.70

Foreign exchange movement

16.44

1.35

As at the end of the year

800.00

834.05

   

  

On behalf of the Board of Directors

As per our report of even date

For S R B C & CO LLP

Chartered Accountants

ICAI Firm Registration Number: 324982E/E300003

Niraj Bajaj

Chairman (DIN: 00028261)

Dinesh Thapar

Chief Financial Officer

Rajiv Bajaj

Managing Director (DIN: 00018262)

per Paul Alvares

Partner

Membership Number: 105754

Pune: 29 May 2025

Rajiv Gandhi

Company Secretary

Anami N. Roy

Chairman – Audit Committee

(DIN: 01361110)